House debates Questions without Notice

Interest Rates

Tuesday, 19 March 2024 House of Representatives

Jim Chalmers

Jim Chalmers Rankin, Australian Labor Party, Treasurer

2:35 pm

Thank you to the wonderful member for Chisholm for her question. The independent Reserve Bank have kept rates on hold at 4.35 per cent, and they've pointed to the fact that inflation is moderating in line with their forecast. Interest rates have now been on hold for more than four months. By the time that the Reserve Bank board next meets, it will have been six months without an interest rate hike—

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